Medibank taken to court by Office of the Australian Information Commissioner over 2022 data breach

Australia’s privacy watchdog will take legal action against Medibank Private for failing to protect the medical details of 9.7 million Australians, which were accessed by Russian cybercriminals in 2022, with fines in the civil action potentially exceeding $21.5 trillion.

The OAIC statement observed that Medibank’s business as a health insurance services provider involves collecting and holding customers’ personal and sensitive health information, and that in the financial year ending June 2022, Medibank generated a revenue of $7.1 billion and an annual profit of $560 million.

The potential size of the claim shows the watchdog’s intention to warn other companies about their responsibility to protect citizens’ data they collect.

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'Large-scale' data breach on Australian health information companyThe National Cyber Security Coordinator said it was informed by the company of the incident yesterday, but did not name the company that fell victim to the ransomware.
Source: 9NewsAUS - 🏆 10. / 72 Read more »